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Deposits and Related Interest | 6 Months Ended
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Jun. 30, 2020
Deposits and Related Interest [Abstract] |
Deposits and Related Interest | NOTE 12— DEPOSITS AND RELATED INTEREST Total deposits, including related accrued interest payable, as of June 30, 2020 and December 31, 2019 consist of the following:
| June 30, |  | December 31,
| 2020 |  | 2019
| (In thousands)
Non-interest bearing demand deposits | $ | 2,216,306 |  | $ | 1,675,315
Interest-bearing savings and demand deposits |  | 4,132,228 |  |  | 3,718,846
Retail certificates of deposit |  | 1,705,236 |  |  | 1,781,237
Institutional certificates of deposit |  | 269,990 |  |  | 279,714
Total core deposits |  | 8,323,760 |  |  | 7,455,112
Brokered deposits |  | 218,166 |  |  | 243,498
Total deposits | $ | 8,541,926 |  | $ | 7,698,610
Brokered deposits include $179.1 million in certificates of deposits and $39.1 million in money market accounts at June 30, 2020, and $222.1 million in certificates of deposits and $21.4 million in money market accounts at December 31, 2019.The weighted average interest rate of Oriental’s deposits was 0.82% and 0.86%, respectively, at June 30, 2020 and December 31, 2019. Interest expense for the quarters and six-month periods ended June 30, 2020 and 2019 was as follows:
| Quarter Ended June 30, |  | Six-Month Period Ended June 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
| (In thousands)
Demand and savings deposits | $ | 6,224 |  | $ | 3,948 |  | $ | 13,208 |  | $ | 7,359
Certificates of deposit |  | 9,221 |  |  | 6,043 |  |  | 18,857 |  |  | 11,681
| $ | 15,445 |  | $ | 9,991 |  | $ | 32,065 |  | $ | 19,040
At June 30, 2020 and December 31, 2019, time deposits in denominations of $250 thousand or higher, excluding accrued interest and unamortized discounts, amounted to $672.9 million and $692.1 million, respectively. At June 30, 2020 and December 31, 2019, total public fund deposits from various Puerto Rico government municipalities, agencies and corporations amounted to $275.3 million and $278.7 million, respectively. These public funds were collateralized with commercial loans and securities amounting to $314.2 million and $320.8 million at June 30, 2020 and December 31, 2019, respectively. Excluding accrued interest of approximately $10.8 million and $11.7 million, the scheduled maturities of certificates of deposit at June 30, 2020 and December 31, 2019 are as follows:
| June 30, |  | December 31,
|  | 2020 |  |  | 2019
| (In thousands)
Within one year: |  |  |  |  |
Three (3) months or less | $ | 348,687 |  | $ | 314,796
Over 3 months through 1 year |  | 1,036,210 |  |  | 881,183
|  | 1,384,897 |  |  | 1,195,979
Over 1 through 2 years |  | 421,764 |  |  | 732,421
Over 2 through 3 years |  | 184,688 |  |  | 175,032
Over 3 through 4 years |  | 79,867 |  |  | 89,148
Over 4 through 5 years |  | 72,346 |  |  | 78,706
| $ | 2,143,562 |  | $ | 2,271,286
The table of scheduled maturities of certificates of deposits above includes brokered-deposits and individual retirement accounts. The aggregate amount of overdrafts in demand deposit accounts that were reclassified to loans amounted to $798 thousand and $1.0 million as of June 30, 2020 and December 31, 2019, respectively.

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- Definition Deposits and related interest. + References No definition available. + Details
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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 405 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116652737&loc=d3e64164-112818 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
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